Corporate Office Properties Trust (OFC) Shares are Down -1.86%

Corporate Office Properties Trust (OFC) : During the past 4 weeks, traders have been relatively bearish on Corporate Office Properties Trust (OFC), hence the stock is down -2.43% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.83% relative to the S&P 500. The 4-week change in the price of the stock is -2.06% and the stock has fallen -1.86% in the past 1 week.

Corporate Office Properties Trust is up 11.18% in the last 3-month period. Year-to-Date the stock performance stands at 33.48%. The stock has recorded a 20-day Moving Average of 2.71% and the 50-Day Moving Average is 1.13%.


Corporate Office Properties Trust (NYSE:OFC): The stock opened at $28.72 on Friday but the bulls could not build on the opening and the stock topped out at $28.87 for the day. The stock traded down to $28.49 during the day, due to lack of any buying support eventually closed down at $28.55 with a loss of -1.01% for the day. The stock had closed at $28.84 on the previous day. The total traded volume was 326,005 shares.

Also, Brokerage firm JP Morgan maintains its rating on Corporate Office Properties Trust (NYSE:OFC). As per the latest information, the brokerage house raises the price target to $29 per share from a prior target of $26. The shares have been rated Neutral. The rating by the firm was issued on August 15, 2016.

Corporate Office Properties Trust (COPT) is an integrated self-managed real estate investment trust (REIT). Corporate Office Properties, L.P. (COPLP) and subsidiaries (collectively the Operating Partnership) is the entity through which COPT, the sole general partner of COPLP, conducts all of its operations and owns almost all of its assets. The Company has 10 reportable operating office property segments (comprising the Baltimore/Washington Corridor; Northern Virginia; San Antonio; Huntsville; Washington, DC – Capitol Riverfront; St. Marys and King George Counties; Greater Baltimore; Greater Philadelphia; Colorado Springs; and Other). It also has an operating wholesale data center segment. The Company operates in two industries: commercial office properties and wholesale data center. The Company acquires, develop, manage and lease office, and data center properties concentrated in office parks located in the Greater Washington, DC/Baltimore region.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.